The Advantages of White Label Prepaid Cards
A white label prepaid debit card solution is different than a standard prepaid service. It’s a solution targeted to help those who are interested in creating a branded prepaid card solution that is specific to their needs. Because the details of the program are already sorted out and included in the package, it takes the guesswork out of trying to start up a service on your own. Maintenance and terms and conditions are easily implemented, allowing clients to launch the program immediately. If you’re looking into business card solutions, there are various reasons why you should consider a white label prepaid card.
Better Brand Awareness
It’s estimated that over 10,000 card transactions occur every second around the world. When your customers and employees pull out their cards, what will they see? If it’s not your company’s logo or a customized design, you’re missing out on a valuable marketing opportunity. A white label prepaid debit card gives you the chance to put your brand in front of more people. Each time one of your business affiliates swipes their card, make sure that its boosting your business. Not only are the cardholders more apt to remember you and your business, but those accepting the card behind the counter will also catch a glimpse. Over time, this creates more brand awareness and can increase business.
Increased Brand Loyalty
Along with being able to design your own prepaid card for distribution, there are many rewards programs that you can create to bring in business and increase loyalty among your customers. Because each of the cards you distribute is equipped with its own ID encryption, it’s easy for you to track the spending of each one. This sort of data makes it easier for you to analyze the needs of your customer and create better reward programs. By associating more rewards with your logo and brand, it’s easier to build loyalty. Plus, with the easy-to-read data, you’ll find it simple to understand the needs of your card users and make adjustments as needed, increasing satisfaction across the board.
Better Data Analysis
By implementing a white label card program, it’s easier to collect and analyze the data necessary to better your business. Expense reports, spending by merchants, and other trends are easy to identify with the help of the real-time reports available to you. There’s no need to rely on a third party to compile and send you reports. Instead, you have access to the needed data whenever you’d like. With this data, you can make adjustments to your sales team and improve your customer service to better meet your business’ needs.
Simple and Stress-Free Integration
Don’t be intimidated by the thought of implementing a white label solution. While it may seem daunting, integrating a prepaid debit card program is actually extremely simple. One of the biggest selling points of a white label prepaid solution is that all of the hard work has been done for you. Because the software and data programs are already in place, simply incorporate the new cards into your existing financial system. With a new panel of options, you’ll find the transition much smoother than you expected. In fact, many people find that utilizing this type of system makes it easier to manage expenses and budgets.
A white label prepaid debit card solution isn’t a “one-size-fits-all” program. Instead, it’s a fully customizable service that offers many different options. Fees, funds distribution, rewards, and card designs are all left up to you. There are plenty of ways to make the program your own and ensure that it fits exactly what your business needs.
Easy to Reload
Loading funds onto each of the cards that you distribute is easier than you may think. There’s zero waiting time. Instead of having to wait for a bank to clear the funds, simply use your favorite handheld device to transfer money into the account. In a matter of minutes, each card will be ready for use with the amount you choose.
There are many reasons to begin using white label prepaid debit cards. Whether you’re looking forward to the easy integration or access to the data reports, you’ll find that a prepaid white label prepaid debit card solution will make all of your business endeavors easier than before.